The US corporate income tax rate has been a bad joke for a long time. Countries like Sweden at 22%, understood decades ago that it was bad economic policy to have a high rate. You tax the income of the wealthy as the offset. The US for example already has an extremely progressive personal income tax rate. For several decades the corporate income tax rate has been falling around the world; the world's average rate has fallen from near 30% to 22% in the last 12 years. The US isn't competitive, you see that in how we've been bleeding pharma & biotech companies off to Ireland. Over time, you start seeing R&D & operations offshoring because of that. Give it time and you've artificially created a lot more global competition through bad policy.
If you're a small to mid size manufacturer in the US, paying a 30% effective income tax rate is brutal if you want to compete globally while everyone else is paying far lower rates. Germany for example lowered their top rate by about 9 points a decade ago. Finland and Iceland have a 20% rate. Korea is at 24% and China at 25%. The European average is about 20%.