Providing for a plan to alleviate the effects of sequestration.

[AI summary unavailable — showing source text] Resolves that Congress must meet its constitutional obligation to provide for the common defense of the United States by restoring spending cuts required by sequestration. (Sequestration is a process of automatic, usually across-the-board spending reductions under which budgetary resources are permanently cancelled to enforce specific budget policy goals.) Resolves that Congress should enact legislation that: restores no less than 75% of the pre-sequester levels established by the Budget Control Act of 2011, offsets the increases in discretionary spending through a combination of reductions to mandatory spending and increases in revenue, includes a Chained Consumer Price Index for Social Security and further means testing for Medicare, and increases revenue by closing tax loopholes and capping deductions for high-income households.…