I don't see how. Both parties spend like crazy, and that has to be paid back. Bush's spending will result in more taxes later, so I'm not too impressed with his tinny tiny tax trim.
You havent been taking notice I see. There are TWO bills that will be placed on the floor of the senate to scrap the present tax system and replace it with a NRST. Without a Bush administration you will NEVER EVER get the chance to see this system replaced by a constitutional tax system.