This plan would encourage companies to locate here instead of abroad, by eliminating many of the deterrents (taxes) businesses currently have to pay. This would create jobs.
Let's face it, life is not fair and so we often don't care if the taxes unfairly take from those more fortunate than ourselves. But do you ever notice that the truly wealthy, those who seem to do okay no matter what the economic situation for the rest of us, never seem to be hurting all that bad? That's because we keep getting told that those EARNING really high salaries need to pay more taxes. The people who never seem to hurt are the ones who have so much money that they don't rely on earnings. They rely on investments, dividends or trust accounts, sources of income that do not rely on them trading their time for money. Most of us don't have that luxury.
I don't care if you are earning $25,000 or $250,000 per year, you earned that money. Our government should have no more right to a higher percentage just because you earned more. Think about it; if both of the above incomes paid 15% in income taxes, the lower salary would pay $3,750 and the higher would pay $37,500. Why should we tell the person already paying higher taxes that they need to pay even more?
If you notice, the federal government is the entity that never seems to do with less. They tell us they are, but they don't. They just borrow more or print more money.
I strongly encourage you to read the Fair Tax book and then contact your senators and congressmen, encouraging them to get onboard with this plan.