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Quinn Backs Away From iTunes Tax Idea

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Gov. Pat Quinn is backing off a proposal to tax music and video downloads in an effort to plug the state's massive budget hole, saying he still believes raising the income tax is the best way to generate money for the state.

Quinn floated the idea of taxing downloads from online services such as iTunes in a meeting with legislative leaders earlier this week, but the proposal received a cold reception in Springfield. Today, Quinn said that he was simply offering suggestions on ways to solve the state's budget crisis and does not support the plan, which would have generated $5 million to $10 million a year.

Read the whole story at Chicago Tribune