Time series analysis of the relative class income distributional consequences of postwar U.S. fiscal practices reveals that governmental revenue policies have had a procapital bias while state expenditures have tended to favor labor. The net impact of these processes has served to leave the marketgenerated income distribution largely intact, despite the historically unprecedented growth of the public sector during this period. Finally, in light of these findings, the distributive impact of the current administration's fiscal program are considered.

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