Orrin Hatch: “the bias in favor of debt under our tax system incentivizes businesses to base financing decisions... on relative tax…”

I thank my dear colleague for his kind remarks. I didn't expect them. I didn't realize this was going on until a few minutes ago. So I am grateful to him. Thanks for that. The PRESIDING OFFICER. The Senator from Pennsylvania.

I wish to enter a few remarks into the Record regarding section 103(a) of the Music Modernization Act, which the Senate recently passed. By striking current sections 114(f)(1) and (2) of title 17 and substituting a new section 114(f)(1)…

the Finance Committee has worked with the Treasury Department to ensure proper responsiveness to committee inquiries. We are continuing to review these matters to determine what further oversight is required.

Those backlogs at the Social Security Administration are unacceptable to many, if not most, of us here in the Senate.