Expressing the sense of the House of Representatives that any deal replacing the Budget Control Act of 2011 should contain serious revenue increases and no Medicare, Medicaid, and Social Security benefit cuts.

Expresses the sense of the House of Representatives that any deal on taxes and spending to replace the Budget Control Act of 2011 should: (1) not cut Medicare, Medicaid, or Social Security benefits; (2) contain serious revenue increases, including closing corporate tax loopholes and increasing individual income tax rates for the highest earners; (3) significantly reduce defense spending to focus the U.S. Armed Forces on combating 21st century risks; and (4) promote economic growth and expanded economic opportunity by including strong levels of job-creating federal investments in areas such as infrastructure and education, and by promoting private investment.