Congressman Serrano believes that more must be done to help those who have the least in our nation. He believes that we must do more to create good jobs that provide a living wage for residents of the Bronx. While the Bronx has come a long way, there is much more that must be done at the local, state, and federal level to help the local Bronx economy.

As chair of the Financial Services and General Government Appropriations subcommittee, he more than doubled funding for the Community Development Financial Institutions (CDFI) fund. This fund helps provide economic development and financial services to underserved populations. In addition, Serrano introduced the H.R. 3113, Affordable Financial Services Enhancement Act, a bill which would allow all credit unions to provide services in underserved communities.

In addition, Serrano does not support the extension of President Bush’s fiscally reckless tax cuts for the wealthy few. He believes these tax cuts have put our fiscal house out of order, and have been used as a pretext to cut funding from programs that help the poor and needy.

Serrano also voted in favor of the recent economic stimulus package. He helped include a provision that provided stimulus benefits to all Americans, including those residing in Puerto Rico and the territories. He believes that the recession hurts all those who fly the American flag, and that any aid package should include all parts of our nation.