FEARS A RECESSION; President Says Lower Levies Might Bring About a Slump CALLS PROGRAM 'DUBIOUS' Cites Foreign Aid, Need to Cut Debt and Stands on Aim of Relief 'at Right Time' PRESIDENT VETOES BILL TO CUT TAXES
Truman vetoes tax reduction bill; cites Jan message; favors needed adjustments in incomes, production and prices through business-labor action
