Obama wants to raise taxes on investors?

Maybe I am missing something but aren't higher taxes on industry ociated with contractionary fiscal policy? Will higher taxes on American industry, investors, and employers make us more or less competitive in a global market? Will that not push more jobs and business to other countries with lower taxes? Tax the people who employ Americans more in order to create jobs here?! This sounds backwards to me. More tax on investments will DETER investors and push investments overseas, hurting our economy further, right? ALSO on another subject I heard that he supports giving Social Security and Welfare to ILLEGAL immigrants...if this is true it is absurd...we cant even afford ourselves. Please enlighten me.