Kyrillos Won’t Take “No Tax” Pledge

New Jersey's Republican U.S. Senate candidate says he won't sign the anti-tax pledge promoted by Americans for Tax Reform.

Joe Kyrillos tells The Record newspaper he's willing to support "smart" tax increases on wealthier residents.

The candidate says he understands over time Congress will have to raise more revenue.

Kyrillos was vague about what taxes he'd support. He would back increases for hedge fund managers.

As a state senator, Kyrillos has voted against several bills that would raise the state income tax on wealthier residents.

The Republican also opposes a measure supported by Democratic U.S. Sen. Robert Menendez that would allow tax cuts for wealthier Americans expire in January.

Menendez is skeptical Kyrillos would be willing to break ranks with his party.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)