Ending Hunger in America, 2014 Hunger Report Full Report | Page 61
CHAPTER 1
holes in the tax code, U.S. companies are able to defer taxes on foreign income. Closing
all of these loopholes would raise $168 billion,67 according to the Joint Committee on
Taxation, a nonpartisan group serving Congress.68 The loopholes mean lost tax revenue
that would otherwise help fund government programs. It seems reasonable to redirect
$5 billion to $10 billion of the savings from closing these loopholes to strengthening
MEP’s capacity-building work.
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