John McCain put forth a solidly fiscally conservative economic speech this morning (albeit with a couple populist zingers: "Americans are also right to be offended when the extravagant salaries and severance deals of CEO's --in some cases, the very same CEO's who helped to bring on these market troubles -- bear no relation to the success of the company or the wishes of shareholders.") on the happy occasion of Tax Day. He also took the occasion to draw a strong contrast between himself and the Democratic nominees:
In the same way, many in Congress think Americans are under-taxed. They speak as if letting you keep your own earnings were an act of charity, and now they have decided you've had enough. By allowing many of the current low tax rates to expire, they would impose -- overnight -- the single largest tax increase since the Second World War. Among supporters of a tax increase are Senators Obama and Clinton. Both promise big "change." And a trillion dollars in new taxes over the next decade would certainly fit that description.
Obama and Hillary were so wrapped up in Bittergate that they made little to no tax news today, which worked nicely for McCain. He was the only candidate of the news cycle addressing taxes in a major way on a day when all the newscasts will be focused on tax news. Not a bad break for a guy competing for coverage with the most exciting Dem match-up in decades.