The total spending limit for each fiscal year shall be as follows: (1) Fiscal year 2024: 20.7 percent of potential GDP. (2) Fiscal year 2025: 20.3 percent of potential GDP. (3) Fiscal year 2026: 19.8 percent of potential GDP. (4) Fiscal year 2027: 19.4 percent of potential GDP. (5) Fiscal year 2028: 19.1 percent of potential GDP. (6) Fiscal year 2029: 18.8 percent of potential GDP. (7) Fiscal year 2030: 18.4 percent of potential GDP. (8) Fiscal year 2031: 18.1 percent of potential GDP. (9) Fiscal year 2032: 17.8 percent of potential GDP. (10) Fiscal year 2033 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 2023 . 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— (1) in paragraph (1), by striking and discretionary spending limit shall mean the amounts specified in section 251 of this Act