evidence: The President took office after his predecessor signed into law a reckless and unpaid for tax cut that was skewed to the wealthy and large corporations, adding nearly $2 trillion to the deficit. He also inherited a poorly managed pandemic response. The President has taken a different, responsible approach. He enacted a bold agenda to rescue the economy and get the American people vaccinated. Because of the strength of the recovery and responsible winding down of emergency programs, the deficit fell by $1.7 trillion in the first two years of the Biden-Harris Administration compared to the year before the President took office. And the Inflation Reduction Act that the President signed into law last year will reduce the deficit by more than $200 billion over the next decade, relative to deficit projections without that law. [...] The President’s Budget improves the Nation’s fiscal outlook and reduces long-term fiscal risks by reducing the deficit, stabilizing deficits as a share of the economy, and keeping the economic burden of debt within historical norms. Specifically, the Budget reduces the deficit by nearly $3 trillion over the next decade, compared to deficits without the President’s policies. The deficit reduction in the Budget increases over time, with $500 billion of deficit reduction in 2033.