Summary: H.Con.Res.71 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.Con.Res.71. Bill summaries are authored by CRS.

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Introduced in House (07/31/2015)

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.