Bernie Sanders is winning some big victories over the Dem platform [View all]

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Bernie Sanders is winning some big victories over the Dem platform
Greg Sargent
Washington Post

But the actual language of the latest draft has not yet been released, and it will be released as early as today. It will show a number of new provisions on Wall Street reform, infrastructure spending, and job creation that go beyond the victories that Sanders has already talked about. They suggest Sanders did far better out of this process thus far than has been previously thought. Many of these new provisions are things that Sanders has been fighting for for years.

Warren Gunnels, the chief policy adviser to the Sanders campaign, shared with me some additional details and principles the platform draft commits to:

1) Eliminating conflict of interest at the Federal Reserve by making sure that executives at financial institutions cannot serve on the board of regional Federal Reserve banks or handpick their members.

2) Banning golden parachutes for taking government jobs and cracking down on the revolving door between Wall Street and Washington.

3) Prohibiting Wall Street from picking and choosing which credit agency will rate their product.

4) Empowering the Postal Service to offer basic banking services, which makes such services available to more people throughout the country, including low-income people who lack access to checking accounts.

5) Ending the loophole that allows large profitable corporations to defer taxes on income stashed in offshore tax havens to avoid paying less taxes.

6) Using the revenue from ending that deferral loophole to rebuild infrastructure and create jobs.

To be sure, Sanders will continue to fight for more in coming weeks, such as a commitment to oppose any Congressional vote on the Trans-Pacific Partnership trade deal during this session. And we can’t be certain whether Sanders will endorse Clinton before the convention or if he is unsatisfied with the final platform product.