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Photo: Mary Schwalm / AP

Steve Bannon is setting up a new 501(c)(4) — aka a "tax-exempt social welfare organization" — to promote his agenda, and, he argues, the president's.

  • Such groups don't have to disclose their donors so long as — according to the IRS code — they can "be operated exclusively to promote social welfare" and so long as politics are not the group's "primary activity."

Bannon first publicly mentioned his new plans on billionaire John Catsimatidis' Sunday morning radio show, "Cat's Roundtable."

I asked a source close to Bannon to tell me more about the group. Here's what they told me:

  • The group has no name yet but will be set up this week.
  • Bannon plans to use the group to establish a "war council" to promote hawkish policies against China.
  • Bannon is obsessed with the rise of China and believes that Beijing will become a hegemon — sinisterly dominating America — if the U.S. doesn't aggressively confront it. (His detractors inside the White House say his ideas are reckless and would start a globally devastating trade war. Bannon, however, says China is already engaged in economic warfare against America, stealing the country's IP and technology, but the U.S. refuses to properly fight back.)
  • He also plans to use the group to "focus on grassroots efforts" so the base is "unified and energized to support the president's agenda."
  • Other policy issues that animate Bannon: trade, immigration, education, and inner city infrastructure development.

Why it matters: For all the speculation about Bannon's relationships with donors he's had no fundraising apparatus to date.

What we don't know: Which donors will fund the group. And we may never know because, under the law, Bannon won't have to tell us.

Go deeper

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.

Updated 8 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 10 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.