The 10-year deficit would be larger under a current-policy baseline than a current-law baseline

The 10-year deficit would be larger under a current-policy baseline than a current-law baseline

Federal Primary Deficit (% of GDP)

Current-Policy Baseline

Current-Law Baseline

Current-Law Baseline

Current-Policy Baseline

Source: Congressional Budget OfficeEmbed Download image

Notes: Current-law baseline is from June 2024 projections and current-policy baseline is from alternative assumptions. Current-policy baseline reflects selected alternative assumptions about revenue policies related to the 2017 Tax Cuts and Jobs Act.