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Bannon went after Donald Trump Jr. and suggested there’s a “there” there. Photo: Joe Raedle / Getty

Steve Bannon gave an interview to author Michael Wolff that is jaw dropping — even by Bannon's extreme standards.

Why this matters: Bannon's comments won't surprise anyone who's spoken to him, but as on the record statements they are shocking sources close to the president. The White House was prepared for the Wolff book to be bad for them — and sources there have told me he spent a ton of time in the building visiting with Bannon — but they weren't prepared for Bannon doing this.

According to The Guardian, Bannon touched the third rail of Trumpworld — going after the president's blood family:

Attacking Don Junior: Bannon described the meeting in Trump Tower with the Russian lawyer — arranged by the president's eldest son — as "treasonous" and "unpatriotic." Bannon also predicted this of the Russia investigation: "They're going to crack Don Junior like an egg on national TV".'Hinting there's a "there" there: Per the Guardian: “ 'You realise where this is going,' [Bannon] is quoted as saying. 'This is all about money laundering. Mueller chose [senior prosecutor Andrew] Weissmann first and he is a money-laundering guy. Their path to f---ing Trump goes right through Paul Manafort, Don Jr and Jared Kushner … It's as plain as a hair on your face.' " Taking his war against Jared Kushner to new depths: Per The Guardian: "Last month it was reported that federal prosecutors had subpoenaed records from Deutsche Bank, the German financial institution that has lent hundreds of millions of dollars to the Kushner property empire. Bannon continues: 'It goes through Deutsche Bank and all the Kushner shit. The Kushner shit is greasy. They're going to go right through that. They're going to roll those two guys up and say play me or trade me.' "Get more stories like this by signing up for our weekly political lookahead newsletter, Axios Sneak Peek.

Go deeper

Updated 2 hours ago - Economy & Business

Tax season nightmare ahead for understaffed IRS

Illustration: Shoshana Gordon/Axios

The IRS will start accepting 2021 tax returns in less than a week, and the filing delays and administrative headaches to come might eclipse last year — which was “one of the worst filing seasons," according to an independent advocacy agency within the IRS.

Why it matters: For taxpayers, especially with complex or paper filings, this means headaches, delayed refunds, and mistakes.

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.