Commentary President Joe Biden has announced the American Jobs Plan, which is summed up in the headlines as a $2 trillion investment program in infrastructure and green energy that’s expected to boost job creation, strengthen the manufacturing sector, and drive innovation. However, most of it goes to subsidies and current expenditure and comes with one of the largest tax increases in U.S. history. It has been hailed as a new “New Deal,” and much like its predecessor, it’s basically a massive increase in subsidies to non-productive areas of the economy against a series of protectionist and misguided tax hikes on the productive. The program, according to the Financial Times, can be divided in the following areas: $621 billion for infrastructure, transportation, and electric vehicles aimed at strengthening the manufacturing sector and communications in the United States. However, this figure doesn’t even start to address the infrastructure and transportation needs of …