In the first interview following Election Day defeat ofand , former vice presidential nominee said that Obama cannot raise taxes on the rich because the House is still controlled by Republicans.
After a devastating defeat by Obama-Biden ticket, Paul Ryan sat for his first interview with ABC News’ senior political correspondent, Jonathan Karl to reflect on the loss and what does he feel about another four years under Obama administration.
When asked directly if Obama has a mandate to raise taxes on the wealthy, Ryan said, no. "I don't think so, because they also reelected the House Republicans. So whether people intended or not, we've got divided government. This is a very close election, and unfortunately divided government didn't work very well the last two years. We're gonna have to make sure it works in the next two years."
Ryan has returned to the Capital and has once again taken over his duties as the Chairman of the House Budget Committee. Finally stepping down the campaign trail, the Wisconsin Congressman continued to fervently oppose Obama’s strategy to deal with the ‘fiscal cliff’.
"Raising tax rates hurts economic growth and of all things we need right now, to prevent a fiscal cliff, prevent a recession, prevent a debt crisis, is we need people to go back to work," Ryan said. "There are other ways of getting more revenue into our government without damaging the economy, and that's the kind of thing we hope to achieve."
"Take away the loopholes," he added. "That's a better way to do it.
Ryan also talked about the campaign and why he believed he and Mitt Romney lost. The former VP nominee said that he’s proud on getting to a part of Romney’s ticket and the campaign they ran together offered solutions deep rooted in the country’s principles.
Ryan said he was as surprised as anyone else by the Election Day results because he thought they had a good chance of winning. The Republican blamed the huge Democratic turnout in urban areas which gave Obama a wide edge in the race. Ryan, however, gave Obama credit for playing ‘fair and square’, and congratulated him on his victory.
He said everything has its upsides and downsides and the upside of losing the elections was that he was able to reconnect with his family after a hectic presidential season.