And of course they are McCain suggests Obama tax policies are socialist - Yahoo! News CONCORD, N.C. Republican presidential candidate John McCain on Saturday accused Democratic rival Barack Obama of favoring a socialistic economic approach by supporting tax cuts and tax credits McCain says would merely shuffle wealth rather than creating it. "At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives," McCain said in a radio address. "They use real numbers and honest language. And we should demand equal candor from Sen. Obama. Raising taxes on some in order to give checks to others is not a tax cut; it's just another government giveaway."