President- elect Obama is not tearing down the rich. He merely is restoring the taxes to the rates that they were paying in the 1990s. It was George W. Bush who gave tax cuts for the wealthiest Americans and corporations
When George Bush initiated these tax cuts in 2001, McCain said, "This is shameful." He said that it offended his conscience, he said, for us to give tax breaks to the wealthy, particularly at a time of war. If you look at my approach to taxation, what have I said? I said I would cut taxes for people making $75,000 a year or less. I'd cut taxes for seniors who are making $50,000 a year or less. It is true that I would roll back the Bush tax cuts on the wealthiest Americans back to the level they were under Bill Clinton, when I don't remember rich people feeling oppressed.
Source: Fox News Sunday: 2008 presidential race interview Apr 27, 2008
However, McCain abandoned this ideology in his campaign and it is, in part, this that caused him to lose the election.