Most people don't remember that, about 30 years ago, the US had lower corporate tax rates (and overall government expenditures) than most other countries. We were proud of how well we were doing, and recommended that other companies copy our policies. They did for corporate tax rates (although this didn't affect overall European spending), while our government greedily went in the other direction as our welfare state expanded.
minor typo: I meant “other countries” copy our policies, rather than “other companies”. Apologies for the auto-pilot typo error.
That country of 30 years ago longer exists. It’s not coming back with these demographics.....