Welch to White House: "Don't back down on tax cuts"

As President Obama took to the airwaves Monday night to announce a deal to extend the Bush tax cuts, Rep. Peter Welch (D-Vt.) called the plan "fiscally irresponsible" and "grossly unfair."

Welch has circulated a letter in the House saying: "We support extending tax cuts in full to 98 percent of American taxpayers, as the President initially proposed. He should not back down. Nor should we."