But should legislation like the DISCLOSE Act ever be agreed to by Congress, said McConnell, the requirements for who should disclose should be “a very low threshold, [and] no exceptions. It oughta apply to everybody in that category of 501c4′s.”
On the topic of President Obama’s possible re-election, McConnell warned that the consequences “sure wouldn’t be good,” but that Republican lawmakers would look to neuter his agenda.
“If we are stuck with him for another four years, I would say at least this: He’s not going to control the House and in the Senate we’re going to either have a narrow Republican majority or a very robust Republican minority,” McConnell said.
“We will not let him do anymore of the damage he did to the country in the first two years of his term when he had total control of the government — when we started these annual trillion dollar deficits, when we ran the debt up five trillion dollars, now have a debt the size of our economy and took over American health care. He can’t do anymore of that.”
When asked about any shared legislative goals McConnell has with Mitt Romney — should Republicans capture both the White House and Senate in 2012 — the senator said he has “similar views about what oughta be done” with the Republican nominee.
In addition to Romney’s stated goal of repealing Obamacare right away, McConnell said he hopes the new Republican president would immediately suspend the adoption of any new federal regulations for a year’s time.
“I would hope, for example, on day one, the day he’s sworn in he says we’re going to have a moratorium on all new regulations, for a year,” he said. “Go back and look at the regulations that were spewed out by the previous administration with some kind of cost-benefit ratio in mind.”
Videography by Sean Rainey