Senate Finance Committee Chairman Max Baucus is proposing tougher requirements on inherited individual retirement accounts that would require younger beneficiaries to pay taxes over five years instead of spreading them over their lifetime.

The Senate is on track in approving the proposed P1.816-trillion national budget for next year, Senator Franklin Drilon said on Sunday, as the Senate Finance committee has wrapped up committee deliberations on the individual budgets of national government agencies.

(Reuters) - The Senate Finance Committee said Amedisys , Gentiva Health and LHC Group , three of the biggest players in the home healthcare industry, altered the course of patient care treatment to receive more reimbursements.

Leaders of the new deficit-reduction committee have asked Mark Prater, the chief tax counsel for Republicans on the Senate Finance Committee, to serve as the panel's director.

The Senate Finance Committee gave unanimous approval Monday to a bill in support of Gov. Nathan Deal's decision to block an increase in the state gas tax.