McConnell Urges Halt to New Regulations
LOUISVILLE, KY - U.S. Senate Republican Leader Mitch McConnell is urging Mitt Romney to stop any new regulations and to rule out tax increases if the GOP standard-bearer wins the presidency next month.
Kentucky's senior senator also renewed his call for action to control federal spending on Medicare and Social Security.
He told a group of young professionals in Louisville on Friday that both entitlement programs are on "unsustainable paths" because Americans are living longer. He said to do nothing risks both programs.
McConnell says the race between Romney and President Barack Obama is a toss-up. His advice to Romney if he wins — on day one of his presidency place a moratorium on new regulations and rule out tax increases.
McConnell said that's what's needed to kick-start the slumping private sector.