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A new report released today by OSPIRG (Oregon State Public Interest Research Group) says more needs to be done to prove that corporate tax subsidies provide enough value to the public. The group reviewed new data on four Oregon tax subsidy programs that are projecting to cost taxpayers nearly $300 million during the next 2 years. A new law requires transparency so that taxpayers can evaluate the tax subsidies. But OSPRIG spokesman Matthew Orchant says the first batch of information is too sketchy. "Some reported required outcomes, or actual outcomes, none reported both. That's like hiring a plumber and without telling him what his job is or paying him without checking to see if his job was really done." Orchant says the transparency law mandates that company reports the amount of each subsidy and the outcome. One program; the film production development contribution reported neither.
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