Intelligence Squared debate: Should the U.S. eliminate corporate subsidies?

April 13, 2016 12:00 AM

In this photo taken Feb. 10, 2016, skiers ride the chair lift at Giants Ridge in Biwabik, Minn. A new report by the Office of the Legislative Auditor suggests the structure of the Iron Range Resources and Rehabilitation Board (IRRRB) may be unconstitutional. The Office of the Legislative Auditor made that conclusion in an audit released Friday, March 18, that also shows the agency has heavily subsidized Giant's Ridge ski resort amid heavy losses. (AP Photo/Jim Mone)
Jim Mone | AP

A lot of private sector businesses get government subsidies in the form of loans, tax breaks, incentives, regulations and more. Is taxpayer support "corporate welfare" that distorts the markets, or is it actually helping the economy? An Intelligence Squared debate on the motion: the US should eliminate corporate subsidies.

FOR: Jack Abramoff, former lobbyist and author, "Capitol Punishment" and Zephyr Teachout, professor at Fordham Law and author, "Corruption in America." AGAINST: Kate Gordon of the Paulson Institute and Michael Lind, co-founder of New America Foundation.

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