Absolutely!!! I've read some articles that stated if Reagan et al would have listened to Jack Kemp and instituted the flat tax (I believe it was 15%, correct me if I'm wrong, in the 80's or 90's that we would most likely be staring at a surplus in the billions or trillions rather than drowning in a deficit. Talk about losing out on who would have been a great President! The commission concluded that "a flat rate tax would not only be a fairer system for middle-income Americans but also would abolish income taxes for relatively poor people by providing for a generous personal exemption."
The Kemp Commission laid out 6 "points of policy" in its proposal:
A single tax rate
Large personal and dependent exemptions to remove lower-income people from the tax rolls
Lower tax rates for families
Allowing workers to deduct Social Security and Medicare payroll taxes
Ending taxation of interest, dividends and capital gains
Requiring a two-thirds majority in Congress to raise the tax rate.