One of the major drivers of the latest federal tax reform effort is the corporate tax rate.
The Trump Administration is still pushing for a 15 percent corporate tax rate, the White House’s budget director, Mick Mulvaney, told CNBC last week.
However, just the day before Treasury Secretary Steven Mnuchin conceded a 15 percent rate would be difficult to attain.
Meanwhile, one Washington, D.C.-based tax policy group has looked at how much corporate taxes contribute per capita to state coffers.