WATCHDOG: TRUMP’S OIL REVENUE RULES ON THE WRONG TRACK: The group Taxpayers For Common Sense is slamming the Trump’s administration’s plans to upend rules governing how the government collects revenue from drillers and miners on federal lands.

‘Disappointed’: “TCS is disappointed to see the Bureau of Land Management taking steps that will degrade taxpayer protections in the policies guiding oil and gas development on federal lands,” the group told the administration at a recent White House meeting.

More losses for taxpayer: “The outdated rules that governed development prior to 2017 cost taxpayers billions of dollars in lost revenue,” the group continued, according to a presentation posted Monday. “Reverting to them would only lead to further losses,” the group explains. ‘Change course’: “Therefore, we urge you to change course, or issue an entirely different proposed rule, before proceeding with this rulemaking.”

Final meetings: The White House Office of Management and Budget began holding meetings last week on its plans to reform and rescind certain rules at the Department of Interior that pertain to oil and natural gas “waste prevention” and royalties from drillers on federal lands. The meeting with Taxpayers for Common Sense is the first meeting that occurred July 18. Once the meetings are finished, the Interior Department will issue its final regulation.