Wednesday, September 01, 2004

National Taxpayers Union smashes Tom Murphy

Politicians Increasingly Use Property Grabs to Pad Government's Bottom Line

Pittsburgh, Pennsylvania -- Using subsidies and city-financed loans adding up to more than $50 million -- $150 for every person living in Pittsburgh -- Mayor Tom Murphy lured Lazarus and Lord & Taylor to relocate in the city. However, both upscale department stores closed before they even reached the sales target that would require them to start payments on their taxpayer- financed loans.

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