Orrin Hatch actually said...

"the favored tax status of debt incentivizes the use of complicated and often wasteful tax-planning strategies."

"the current corporate tax code encourages corporations to finance themselves with debt rather than with equity."

"The imposition of new withholding taxes on foreign investors is at best inconsistent with, if not in direct violation of, tax treaties."

"The proposal could have large, negative implications for our economy."