If you can find a Springfield Armory 1911 for less than a Taurus than buy it. Springfield makes a very nice 1911 but they are not cheap, on par with Kimber. You can probably find a mil spec Springfield for under $700.00. Thats "Mil Spec",...The base model.
In my neck of the woods a Springfield Mil-Spec GI .45 retails for around $650 dollars, and the Taurus 1911 is retailing for the same amount or slightly higher.
Keep in mind this is the base model GI model Springfield. It has the original ejection port, small safety, arched mainspring housing, the whole "retro" package. Still, in this day and age, sometimes simpler is better.
I guess it all depends on what the prices are in your area. 95% of all firearms prices seem to be well below MSRP in my area (with exception of Kimbers, Glocks, XDs, and most revolvers which seem to be a little more expensive).
I will add that I believe you can't go wrong with Rock Island Armory. For the price they make a very nice, no-frills 1911 that looks mean, and will do the job nicely.