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Wall Street Takes a Hit in Democratic Party’s Platform Draft

  • New taxes, $15 minimum-wage call a nod to socialist Sanders
  • Presumptive nominee Clinton looking to solidify left flank
A pedestrian walks past the Wall Street subway station in New York on May 27, 2016.

A pedestrian walks past the Wall Street subway station in New York on May 27, 2016.

Photographer: Michael Nagle/Bloomberg
Updated on

Wall Street was hit hard in the latest draft of the Democratic Party’s platform, which reflected the influence of Bernie Sanders by taking a sharp leftward turn from 2012 on a range of issues, from regulation and taxes to support for a $15 minimum wage.

The 35-page document, hammered out in drafting sessions in St. Louis, reflects a delicate and as yet untested balancing act by presumptive Democratic presidential nominee Hillary Clinton as she seeks a unified position on contentious issues ranging from wages to oil drilling to the Trans-Pacific Partnership trade deal.