Repeal the corporate income tax and personal income tax in favor of a consumption tax. Now, before you can say "that will hurt the poor" check out
Under this system, you get a tax "prebate" so that a poor person would still pay zero net tax over the course of the year. The consumption tax that they would pay on spending their meager income gets refunded before they pay it.
Think about it. Whether you're producing electronics or growing potatoes, work is the most productive activity in the economy. Consumption is the least productive. Furthermore, the ridiculously complicated tax code is where politicians love to include handouts to favored constituents. With the fair tax, the complexity disappears.