For example, a corporate tax break known as “deferral” allows companies to delay paying taxes on profits from their overseas subsidiaries until those profits are brought into the United States. This gives corporations an incentive to shift jobs and profits offshore. Ending deferral would raise about $60.6 billion in a year. That’s more than the federal government spends annually on Head Start, Early Head Start, the Child Care and Development Fund, school breakfast and lunch, and funding for schools serving disadvantaged children.