18.9 percent of potential GDP. (2) Fiscal year 2023: 18.6 percent of potential GDP. (3) Fiscal year 2024: 18.2 percent of potential GDP. (4) Fiscal year 2025: 18.4 percent of potential GDP. (5) Fiscal year 2026: 18.4 percent of potential GDP. (6) Fiscal year 2027: 18.2 percent of potential GDP. (7) Fiscal year 2028: 18.6 percent of potential GDP. (8) Fiscal year 2029: 17.9 percent of potential GDP. (9) Fiscal year 2030: 17.7 percent of potential GDP. (10) Fiscal year 2031 and subsequent fiscal years: 17.5 percent of potential GDP. (d) Reduction for unfunded Federal mandates The amount determined under subsection (c) with respect to each fiscal year shall be reduced by an amount equal to the amount of the unfunded direct costs with respect to such fiscal year of Federal mandates (as such terms are defined in section 421 of the Congressional Budget Act of 1974 ( 2 U.S.C. 658 )) enacted after the date of the enactment of the Maximizing America’s Prosperity Act of 2019 . Such amount shall not be treated as being less than zero with respect to any fiscal year. . (b) Definitions Section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900(c) ) is amended by adding at the end the following: (22) (A) The term total spending means all budget authority and outlays of the Government excluding net interest. (B) The term total spending limit means the maximum permissible total spending of the Government set forth as a percentage of estimated potential GDP specified in section 251(c). (23) The term potential GDP means the gross domestic product that would occur if the economy were at full employment, not exceeding the employment level at which inflation would accelerate. . (c) Conforming amendments Part C of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 900 et seq.) is amended— (1) in section 254 ( 2 U.S.C. 904 )— (A) in subsection (a), in the table, by inserting and spending reduction after sequestration each place it appears