ECONOMIC GROWTH SEEN BY SPRINKEL IN TAX PLAN
President Reagan's tax revision proposals would lead to substantial long-term growth in the American economy and allow millions of new jobs to be created over the next decade, the President's Council of Economic Advisers said today. ''Gains will occur in consumption, job creation, savings, investment, capital formation and reduced tax evasion,'' the council asserted on the basis of the first official Administration study of the economic effects of the tax plan. The reliability of the findings was questioned by some private economists. The council's report was released two days before the House Ways and Means Committee is to begin drafting tax legislation. Many lawmakers have expressed qualms about the uncertain economic impact of the Reagan proposals.