Vice President Joe Biden told reporters on Air Force Two today that last night's election represented a clear "mandate" to raise taxes.

"Where specifically do you think Republicans will be willing to compromise on issues of debt/deficit?" a pool reported asked Biden.

"Well look, I think -- You guys have probably looked at the internals of the vote more than I have so far," said Biden. "But from what it appears is that, on the issue of the tax issue, there was a clear, a clear sort of mandate about people coming much closer to our view about how to deal with tax policy. I think we can move, I'd like to see us, I think we can do something on corporate taxes sooner than later. That would be positive, be a little confidence-building. And you know I just think it's going to take time for the Republicans to sort of digest what the consequences for them internally. But i just think there's too much, I've been saying to you all along and I know I may be the only guy - well, I think Clinton shares this view, President Clinton, we talked about it. But I think the fever will break. And you know, Barack's re-elected so this sort of cause to keep a second term from happening's done. He's there for four years. So I think there's going to be - I hope there's going to be some real soul-searching about, on Republican Party, about what they're willing to cooperate on."

During the campaign, President Barack Obama and Vice President Biden pledged to raise taxes on wealthy Americans.

Speaker John Boehner, the top Republican in the House, signaled that he'd now be willing to consider tax hikes. "House Speaker John Boehner offered Wednesday to pursue a deal with a victorious President Barack Obama that will include higher taxes 'under the right conditions' to help reduce the nation's staggering debt and put its finances in order," Reuters reports.

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