Now that it’s clear President Bush will serve another four years, I hope he can manage to do something that eluded President Reagan. I’m looking for real, systemic tax reform: something along the lines of a flat tax, a national sales tax, or a VAT tax to replace the current income tax. If President Bush fails to significantly overhaul the existing tax code—including abolishing the Internal Revenue Service—it will represent one of the greatest missed opportunities of his presidency. Reagan had an unsympathetic legislature; Bush does not. I hope he won’t be afraid to be bold on taxes. Let’s get the discussion started.