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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

Updated 6 mins ago - Politics & Policy

Arizona GOP's private recount of 2020 election confirms Biden's win

Contractors working on behalf of the GOP examine and recount 2020 ballots at Arizona Veterans Memorial Coliseum in Phoenix in May. Photo: Courtney Pedroza/Getty Images

In an odd coda to the 2020 election, private contractors conducting a GOP-commissioned recount in Arizona confirmed President Biden’s win in Maricopa County.

Why it matters: The unofficial, party-driven recount has been heavily covered on cable news as part of former President Trump's continued effort to sow doubt about the election result.

Del Rio bridge camp empty following Haitian migrant surge

A boy bathes himself in a jug of water inside a migrant camp at the U.S.-Mexico border on Sept. 21 in Del Rio, Texas. Photo: John Moore/Getty Images

The last migrants camping under the Del Rio International Bridge, which connects Texas and Mexico, departed on Friday, Homeland Security Secretary Alejandro Mayorkas announced during a White House press briefing.

Driving the news: Thousands of migrants, mostly from Haiti, had arrived to the makeshift camp after crossing the southern border seeking asylum. Roughly 1,800 migrants will now head to U.S. Customs and Border Protection processing centers.

White House says it expects federal contractors to be vaccinated by Dec. 8

Photo: Stefani Reynolds/Bloomberg via Getty Images

The White House said in new guidance Friday that it expects millions of federal contractors to be vaccinated against the coronavirus no later than Dec. 8.

Why it matters: Companies with federal contractors have been waiting for formal guidance from the White House before requiring those employees to get vaccinated, according to Reuters.