Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.

Welch was reelected in 2008 with no major-party opposition becoming the first Democrat to be reelected to the House from Vermont in 158 years. Despite Welch’s Progressive positions on social issues and his low ratings from traditionally conservative interest groups Welch has adopted a conservative position on gun rights. In July 2009 Welch supported legislation to help disabled veterans.

He is a member of the Democratic Party. He previously served in the Vermont Senate where he was the Minority Leader and President pro tempore.