Kyrillos spokesperson Meaghan Cronin issued the following statement about the ad:
“Senator Kyrillos has a record of fighting for women, the environment and New Jersey families. He has always put the needs of the people ahead of political affiliation or ideology. This stands in stark contrast to Senator Menendez who consistently puts politics ahead of the people resulting in record unemployment, skyrocketing debt and loss of opportunity. Unlike Senator Menendez, Joe is committed to providing a spirit of bipartisanship to the United States Senate.”
U. S. Senator Bob Menendez made his last five years tax returns and U.S. Senate Financial Disclosure reports available to the media for inspection today at his campaign headquarters in New Brunswick.
In 2011 Menendez’s reported wages of $156,250 from his U.S. Senate salary of $174,000. His representatives explained that $17,750 of his salary went into a deferred retirement account and was not reportable as wages. He also reported $15,282 in taxable income from a 5 unit residential rental property in Union City, $292 in interest and $50 in dividends for total taxable income of $171,872. He deducted $6,436 in Employee Business Expenses.
The senator paid $36,961 in federal income taxes (21.4%) and $9,889 in NJ income taxes (5.2%) in 2011.
As a tenant in his North Bergen home, Menendez does not pay property taxes. However he did pay $9,669 in property taxes on the Union City investment property he purchased for $47,500 in the 1970’s.
According to Menendez’s 2010 and 2009 U.S. Senate Financial Disclosure Reports he had an agreement with New American Library (NAL), a division of Penguin Group (USA) wherein he would receive a $50,000 advance of royalties to be split with his co-author, Peter Eisner, for their book, Growing American Roots: Why Our Nation Will Thrive as Our Largest Minority Flourishes. $25,000 was to be paid upon signing the agreement with NAL in January 2009 and $25,000 upon delivery of the manuscript for the book that was published in October of 2009.
Menendez’s agreement with Eisner, who’s name did not appear as a co-author on the book cover or title page, was that as ghost writer he would receive the first $50,000. Menendez would receive the second $50,000 and that the two would split future royalties which would range from 7.5% to 12.5% of sales on a 50-50 basis.
No income from the book was reported on Menendez’s 2011, 2010 or 2009 tax returns.
“Bob didn’t make a dime on the book, that’s what he told me,” said campaign advisor Brad Lawrence.
Menendez 2012 Communications Director Paul Brubaker said that Eisner received the first $50,000 and that sales of the book, which is selling now on Amazon for $1.38 (hardcover), were insufficient for additional royalties to be paid.
Brubaker and Lawrence did not know if Menendez paid Eisner after receiving payment from NAL, which would have triggered a tax reporting requirement, or if NAL paid Eisner directly in which case there would have been no tax reporting necessary for the senator.
A call to Penguin Group (USA) for clarification has not been returned.
New Jersey’s GOP nominee for U.S. Senate and his wife earned $437,500 in 2011, according to tax returns made available to the press by the Kyrillos for Senate campaign this afternoon.
Joe and Susan Kyrillos paid $106,564 in federal income taxes and $24,299 in NJ State income taxes on the $289,728 portion of their income that was taxable. Property taxes on their Middletown home are almost $20,000.
The couple jointly reported wages of $133,738. $49,000 of those wages are the senator’s legislative salary. The senator earned gross revenue of $150,000 and a net profit of $109,299 from his commercial real estate business. Mrs. Kyrillos earned gross revenues of $255,364 and a net profit of $197,532 from her insurance consulting business.
The couple did not disclose their W-2s or 1099s which would have revealed the source of their incomes.
In 2010 they earned gross income of $365,509, $214,072 of it taxable. They paid $95,811 in state and federal income taxes that year. In 2009 their gross income was $381,052, $239,582 taxable. Their state and federal income tax bill was $177,820 in 09.
The Kyrillos campaign announced that the senator would make three years tax returns available yesterday afternoon. A few hours later, U.S. Senator Bob Menendez, the Democratic incumbent, announced that he would disclose five years of returns next week. Menendez has never before released tax returns in his six years in the U.S. Senate.
“I congratulate Senator Menendez for following Senator Kyrillos’ lead and agreeing to release more than one tax return,” said Kyrillos Campaign Manager Chapin Fay. “It’s clear had Senator Kyrillos not led this charge, Senator Menendez would have continued to keep New Jerseyans in the dark. Joe will bring this same agenda of good government and transparency to the United States Senate and bring an end to backroom deal-making and special interest influence.”
According to The Star Ledger, the Menendez campaign issued the following statement regarding the Kyrillos returns:
“Joe Kyrillos’s personal finances raise more questions than his tax returns can answer. Kyrillos makes a substantial income in addition to what he is paid as a public official, and it is incumbent upon him to disclose the nature of the work he does at Newport Capital, Kyrillos Real Estate and any other outside enterprises in which he is involved,” Menendez spokesman Michael Soliman said in the statement. “Without knowing the nature of Joe Kyrillos’ reported outside income, New Jerseyans are left with no assurances that this income is entirely unrelated to his public duties.”
I didn’t make the Highlands council meeting last night as I was dining in Princeton with Poltical Animals star Sigourney Weaver.
Not really. Weaver was leaving the Blue Point Grill as my party was entering. And we had the same waitress. Still it was cool. Other than politicians and pundits this was my closest celebrity encounter since Bette Midler walked in on me in a Fort Lauderdale Airport mens room.
Political Animals is a fun watch.
Weaver plays a former first lady, Elaine Barrish, who ran for president, lost the Democratic primary, divorced her philandering husband and became Secretary of State for the president who beat her in the primary. In the most recent episode, Barrish tells the president that she is going to run against him again, but not before she councils him to do something more heroic than killing Bin Laden and her ex-husband ex-president punches out the vice president in the oval office.
While all of that high drama is going on, Barrish’s “bad son,” a gay piano player who was outed while growing up in the White House, is in the hospital recovering from a drug overdose and her “good son” is joining the mile high club with a reporter who buried the overdose story while the good son’s fiancee is smoking pot with Barrish’s mother.
Must see TV.
I heard the Highlands council did not vote to put the flood mitigation plan on the November ballot as a non-binding referendum and that Councilman Chris Francy did not deny that he kept the U.S. Army Corp of Engineers off his property when they wanted to study an alternate plan of flood mitigation. When asked about that during the public portion of the meeting, I’m told that Francy said, “that article on the Internet was not really an article, but a blogger’s opinion.”
Whatever. They’ve done the right thing so far. I hope the governing body doesn’t drop the issue now.
The political animals in the NJ GOP were crazier today than the TV show.
By early afternoon, Kyrillos issued a press releasestating that he doesn’t favor raising taxes. He wants to lower tax rates and close loopholes.
12th District GOP congressional candidate Eric Beck, the guy running against Rush Holt, issued two press releases. The first one was announcing that he disagrees with Kyrillos on taxes. The second one was announcing that Huffington Post and Politickernjpicked up the first one. Beck’s campaign manager, Chris Pordon, who got his start in politics working for Kryillos, has been breaking his back trying to get free media for Beck. He got some today, including this mention on MMM for which he’s been dogging me.
Anna Little has not issued a press release throwing Kyrillos under the bus. Michele Bachman endorsed Little and the Bayshore Tea Party is having a bake sale fundraiser for her. Really. What’s next, a car wash? No bikinis. Please.
In Bergen County, Republican County Executive Kathleen Donovan is suing the Republican controlled Freeholder Board to prevent them from dissolving the Bergen County Police.
Kyrillos announced that he will release three years of tax returns at a press conference tomorrow. Senator Bob Menendez responded that he will release five years of tax returns at a press conference next week.
Not a bad day for the Democrats given all the Republican self inflicted wounds.
State Senator Joe Kyrillos sent a staffer to hand deliver a debate challenge to U.S. Senator Bob Menendez this morning. Menendez wouldn’t take the Kyrillos’ letter.
Here is the text of the letter:
Dear Senator Menendez:
One of us will be the next United States Senator from New Jersey. We will be tasked with finding a solution to the rising unemployment and exploding deficits and debt that are wrecking havoc on our country. The ongoing fiscal crisis has largely been caused by Washington’s inability to create certainty for the economy and the demands of powerful special interests and unions and the politicians who do their bidding. We will have to make tough choices to return America to prosperity and stability. I am willing to make these tough choices. New Jerseyans would benefit from knowing your position.
New Jeseryans need to know our positions on these important issues before, not after, the election. That’s why I have released a comprehensive jobs plan. When you publish press statements you carefully avoid such specifics. And by drastically limiting your exposure to the press and the public, you are avoiding being pinned down in live questioning. But these are new times. New Jerseyans want leaders, not politicians. Difficult times require a leader who is able to get results.
We owe New Jerseyans a serious conversation about fixing our country, so I hope you will join me in a series of 5 debates across the Garden State that cover separate topics. I suggest a debate on each of these topics – jobs and the economy, taxes, spending, education and government ethics. We must also ensure maximum viewership of our debates so that the voters can make an informed decision come November.
I am committed to working with you to ensure that all New Jerseyans know where we stand on the issues that matter most to them. I await your call at my campaign headquarters at (732) 957-1580. I look forward to hearing from you and I look forward to vigorous debates of these critical issues.
Sincerely,
Senator Joe Kyrillos
It would be one thing if the junior U.S. Senator was a popular incumbent not wanting to give his opponent exposure, but despite 6 years in the Senate and 7 terms in Congress, 60% of New Jersey voters still do not know who Menendez is. Obviously, Menendez is hoping to continue to go unnoticed in November and ride back to Washington on Barack Obama’s coattails.
Americans are hurting. Unemployment is rising. We need leaders who care about the challenges we face as a country, and not about winning their next election. That’s why I was troubled to read about your objection to a resolution that I supported, which would allow voters to decide whether our state judges should pay the same amount as other state employees toward their health and pension benefits. This resolution would save our State a lot of money that could go towards other worthwhile investments like improving education and protecting our environment. New Jerseryans deserve an explanation as to why you oppose such a commonsense reform. On behalf of all of them I will ask you, Why? We await your response.
Politics should trump good public policy and the will of the people, in the mind of U.S. Senator Bob Menendez.
The Auditor is reporting that New Jersey’s junior Senator called Democratic State Senators Steve Sweeney and Ray Lesniak to complain about the fact that they’re allowing voters to decide on the constitutional amendment that, if passed, will require New Jersey’s privileged Judges to abide by the same pension and benefit rules as all other state employees.
Menendez wasn’t complaining about the merits of the legislation. He was complaining that the presence of the constitutional amendment on the ballot this fall would get Governor Chris Christie out on the campaign trail supporting the amendment….and also supporting State Senator Joe Kyrillos in Joe’s quest to unseat Menendez.
In a poll of New Jersey registered voters released by FDU Public Mind this morning, U.S. Senator Bob Menendez leads State Senator Joe Kyrillos in the race for U.S. Senate by a 45%-33% margin. FDU did not poll likely voters.
Despite the 12 point gap, the news is not all bad for Kyrilllos.
Among Independent voters the candidates are virtually tied at 28% for Menedez and 27% for Kyrillos. 45% of Independents are undecided.
57% of respondents said they haven’t heard of Kyrillos. Of those who have heard of him, 22% have no opinion of him, 16% have a favorable opinion and only 5% have an unfavorable opinion.
In contrast, 20% of respondents have never heard of Menendez. 20% of those who have heard of him have no opinion and 23% have an unfavorable opinion. Only 36% have a favorable opinion of Menendez. These are very week numbers for an incumbent.
The challenge for Kyrillos is to get known with Independent voters and to do so favorably. Given Menendez’s $10.3 million to $1.9 million cash advantage (as of June 30) Kyrillos may need to save someone from a burning building or get a gay activist group to attack him unfairly in order to meet the challenge.
Citing State Senator Joe Kyrillos’ 100% rating from the New Jersey Chamber of Commerce, Rob Engstrom, the U.S. Chamber’s Senior Vice President and National Political Director, today announced the nationwide business advocate’s endorsement of Kyrillos in his contest with incumbent Senator Bob Menendez for one of New Jersey’s seats in the U.S. Senate.
“New Jersey is leading the country’s efforts for fiscal responsibility at the state level, but we need leaders in Washington willing to make tough financial decisions as well,” said Engstrom, “New Jersey voters have a clear choice between the candidates on issues that will create jobs and spur growth. State Senator Joe Kyrillos has consistently prioritized free enterprise, while Senator Menendez has a record of failure on economic issues—having only voted with the business community 38% of the time.”
Engstrom noted that the Chamber automatically endorses any incumbent U.S. Senator, Republican or Democrat, that has a business friendly rating of 70% or more in emphasizing Menendez’s hostility to the private sector. “He votes against business is a knee jerk manner.”
Speaking on a conference call with reporters, Engstrom said that the U.S. Chamber is waging its largest voter education effort in its 100 year history in the 2012 election. He declined to answer a reporters question about indenpendent expenditures the Chamber might make in the New Jersey U.S. Senate campaign, but noted that the Chamber has already spent millions of dollars on 12 Senate races and 31 House races. “Stay tuned,” was the most Engstrom was willing to say with Kyrillos on the call, given campaign finance laws that forbid independent expenditures being coordinated with federal campaigns.
“I am humbled and encouraged to have received the support of the U.S. Chamber of Commerce in my campaign against Bob Menendez and his job-killing policies,” said Joe Kyrillos.
“American small businesses and job creators are facing undeniably hard times right now. We are not producing jobs at the rate we should because of the uncertainty of new or higher taxes, and more regulation. Small businesses are the backbone of our economy, and the policies supported by Bob Menendez are killing their opportunity for growth.
“I have outlined policies in a comprehensive jobs plan that will put people back to work and restore a robust economy. My plan will create economic certainty, and allow business to plan for the future. My opponent has no plan to create jobs, and if his past record is any indication, he will continue to make things worse.”
