Rep. Paul Ryan (R-Wis.) will not run for president in 2016.

He tweeted:

Ryan's full statement reads:

After giving it a lot of thought, I’ve decided not to run for president. Our work at the House Ways and Means Committee over the next few years will be crucial to moving America forward, and my job as Chairman deserves undivided attention.

It’s clear our country needs a change in direction. And our party has a responsibility to offer a real alternative. So I’m going to do what I can to lay out conservative solutions and to help our nominee lead us to victory.

I want to thank everyone who encouraged me to run. Their words and continued support have been deeply humbling. And most of all I want to thank the people of Wisconsin for giving me the opportunity to serve our country.

Ryan was the Republican Party’s vice presidential nominee back in 2012.