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For to one is given by the Spirit the word of wisdom; to another the word of knowledge by the same Spirit; To another faith by the same Spirit; to another the gifts of healing by the same Spirit...
Arminian view: The "faith" here is not saving faith given to unbelievers, to be saved, but to believers so that they can serve.
Calvinist view: If the unregenerate are capable of saving faith, why does the regenerate man need a gift of faith?
The Calvinist question is perhaps misplaced even by modern ideas; no one would "need" a gift of faith any more than they would "need" any of the other gifts. However, it may not matter for once again both parties are misunderstanding "faith" in terms of the modern idea of cognitive assent (see link below).
"Faith" actually refers to trust, reliability, and fidelity, and here refers within the internal community to the ability to be loyal, trustworthy, and dependable with relation to others. This is a passage that neither side should be using.