It's bad only if you want to win....
Our corporate income tax is 35%- since Japan just lowered theirs, ours is the highest on the planet. I have an issue with unions, but the regulatory and tax code for corporations makes it extremely difficult to be competitive, even with higher end product.
If the corporate tax was 20 or 25%, and regulations that made sense were enforced, and the crap tossed out, I suspect we’d see a great deal of manufacturing investment.