On November 11, 1999, CPC drafted a vital Position Paper on economic inequality, which called for “legislative initiatives” to combat the “income and wealth disparities” that “distor[t] our democracy, destabiliz[e] the economy, and erod[e] our social and cultural fabric.” Lamenting that “two and a half decades of government policies and rules governing the economy” had been “tilted in favor of large asset owners at the expense of wage earners,” the document derided the “pro-investor bias” of America's existing “tax policy, trade policy, monetary policy, [and] government regulations.”
In 2005 CPC spelled out its political agendas in what would become its signature document, the “Progressive Promise.” Therein, the Caucus emphasizes its commitment to four major priorities: Economic Justice and Security; Civil Rights and Civil Liberties; Global Peace and Security; and Environmental Protection & Energy Independence. Under the rubric of these items fall a number of additional key CPC objectives, such as these:
"To uphold the right to universal access to affordable, high-quality healthcare for all."
"To … create new jobs in the U.S. by building more affordable housing, re-building America’s schools and physical infrastructure, cleaning up our environment, and improving homeland security."
"To ensure [that] working families can live above the poverty line and with dignity by raising and indexing the minimum wage."
"To sunset expiring provisions of the Patriot Act and bring remaining provisions into line with the U.S. Constitution."
"To fight corporate consolidation of the media and ensure opportunity for all voices to be heard"—essentially a plan for purging conservative voices from the airwaves by means of the "Fairness Doctrine" or adherence to the principles of “localism.”
"To bring U. S. troops home from Iraq as soon as possible."
"To encourage debt relief for poor countries" as outlined in the United Nations Millennium Project, a massive redistributive scheme calling for the governments of wealthy countries to commit 0.7% of their GNP to promoting “the economic development and welfare of developing countries.”
"To free ourselves and our economy from dependence upon imported oil and shift to growing reliance upon renewable energy supplies and technologies."
To “eliminate [the] environmental threat posed by global warming,” an objective that may be accomplished by increased emphasis on “solar, biomass, and wind power.”
"To promote environmental justice," a term founded on the premise that hazardous-waste landfills and pollution-emitting industries tend to be situated disproportionately near minority neighborhoods.
A 2002 report by Joelle Fishman, chair of the Communist Party USA's Political Action Committee, stated that the Progressive Caucus “provides an important lever that can be used to advance workers' issues and move the debate to the left in every Congressional District in the country.” In a 2010 CPUSA report, Party member David Bell identified Progressive Caucus members as his organization's “allies in Congress.”