Critics of corporate subsidies argue that it’s outrageous to have taxpayer money feeding into the wealth of corporate entities. Others contend that strategic subsidizing is necessary to vitalize innovation and serve those not served by private interests.
Do subsidies fill an important role in the public interest, or is it time to pull the plug on what some have termed corporate welfare?
In March 2015, the US government issued a new set of hydraulic fracturing safety mandates aimed at protecting groundwater on federal and tribal lands. The updated regulations from the Department of the Interior impacted around 90,000 operations across the country, requiring disclosure of chemical use and more stringent wastewater containment efforts. However, a number of states have opposed the new mandates, arguing that federal law grants a state the right to regulate oil and gas operations. In June 2015, a Wyoming federal judge blocked the implementation of the rules pending further review, and both sides of the case continue to develop their arguments.