Taxing the rich won't put business out of business but it will prevent growth of business. The additional tax money that the government receives will (as usual) be squandered. Government handouts and therefore a growing debt will stimulate inflation and the dollar will have less buying power.
Obama and the Democrats must be made to own this 'jobs plan' stupidity. At this time failure is inevitable... the country voted for this so we all have to suffer thru it. Any Republican attempt to prevent it will only delay the inevitable and open the Party to being reasonable for it.