Claim: "We spend in tax loopholes annually $1.1 trillion. That's more than we spend on our defense budget in a year, on Medicare or Medicaid in a year."
Fact-check: Jeanne Shaheen says tax loopholes total $1.1 trillion
Verdict: barely-true
Organisation: PolitiFact
Author: Jake Berry
Date published: 2012-06-08T00:00:00