sin taxes

Sin and the stock market: On biblically responsible investing, who would Jesus quote first?

I like sin.

Wait a minute. Let me rephrase that: I like news stories about sin. They tend to fascinate me.

In my Associated Press days, I wrote about sin taxes.

In today's New York Times, there's a business story about an equally intriguing topic: sin stocks.

Overall, the Times report is thorough and factual — answering most questions a typical reader would have. But yes, there's also an element of Kellerism. Isn't that almost always the case when the Old Gray Lady covers subject matter such as this?

What is Kellerism? Regular GetReligion readers don't need to ask. But for those new to this journalism-focused website, it's the reporting gospel according to former Times editor Bill Keller. Basically, that gospel — as explained by GetReligion editor Terry Mattingly — proclaims that the Times is justified in leaning left on cultural issues such as gay rights.

How does that doctrine manifest itself in the sin stocks story? See if you notice what I did:


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Oklahoma is contemplating a 'sin tax' on cigarettes, but no one's calling it that

Oklahoma Gov. Mary Fallin has close to 25,000 followers on Twitter, but she only follows 284 people. I'm one of the people she follows; I made a screenshot of this fact for after she realizes her mistake.

I assume my home state's governor followed me so she wouldn't miss any of my enlightening posts on GetReligion.

So I thought I'd write a post about Fallin — or more specifically, one of her proposals.

In her annual address to the state Legislature on Monday, the Republican chief executive proposed raising Oklahoma's cigarette tax by $1.50 a pack, as reported by The Oklahoman:

For her part, Fallin said “bold action” is needed given a budget crisis caused by a drop in oil prices. Lawmakers have about $900 million less to spend in next year’s budget compared to the current year.
The proposed cigarette tax increase would generate $181.6 million, while targeting a practice that is making many Oklahomans sick, Fallin said. Another $200 million would be realized through sales tax changes.
“If we don’t change the way we apportion and collect revenues, most state agencies will be faced with a 13.5 percent appropriation cut for the upcoming 2017 fiscal year — or a total cut of 16.5 percent since July 1 ” she said in her yearly State of the State address.

In a follow-up report on today's front page, Oklahoman Capitol Bureau chief Rick M. Green (a former Associated Press colleague of mine) noted that Oklahoma voters could decide the issue:


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