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McCain to Release Taxes Mid-April

By Matthew Mosk
Now that both Democratic presidential contenders have made public their tax returns, Republican John McCain has made plans to follow suit.

McCain campaign spokeswoman Jill Hazelbaker said the campaign plans to release McCain's tax returns on Friday, April 18.

Selecting a Friday for the release is a public relations staple -- get the unpleasant news just out before everyone leaves for the weekend and, with any luck, stops paying attention to the 24-hour talking heads.

McCain's income is arguably less mysterious than was Clinton's. Not a lot was known about how Bill Clinton had made his fortune after leaving the White House. Hillary Clinton's Senate disclosure forms had reported some details, but the forms said only that Bill Clinton was paid more than $1,000 by Yucaipa and InfoUSA, two firms where he made millions of dollars after leaving Washington.

McCain, in contrast, has detailed his finances in his Senate disclosure forms within certain ranges. Reliable estimates put his net worth at more than $100 million, largely due to the wealth of wife Cindy McCain, who is heiress to her father's stake in Hensley & Co. of Phoenix, one of the largest beer distributorships in the country.

By Web Politics Editor  |  April 7, 2008; 5:21 PM ET
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