The campaign of Senate Minority Leader Mitch McConnell (R-Ky.) is up with its second ad against primary challenger Matt Bevin.

The ad hits the Louisville businessman for tax issues and again labels him "Bailout Bevin."

McConnell's campaign began running ads against Bevin before he even launched his campaign two weeks ago.

Over the weekend, both men appeared at Fancy Farm -- a major political event in western Kentucky.

For a recap of all the goings-on there, see Jenna Johnson's story.

Update 1:43 p.m.: Bevin responds: "It is truly sad to see Mitch McConnell sink to such a desperate low, simply because he is afraid of defending his record of voting for bailouts, tax increases, debt limit increases, and pay raises."