NIXON URGES CURB ON TAX REDUCTION; He Declares Bill Must Not Cut Revenue More Than 'the Nation Can Stand' NIXON URGES CURB ON TAX REDUCTION
Nixon warns he will veto any bill that cuts Govt's over-all collections by more than he believes nation can stand, news conf; says there is no other reason he would veto reform and relief bill, even if it omitted some reforms he wants and contained some he does not, including cut in oil depletion allowance; statement seen providing pressure against predicted drive in Sen to cut number and size of revenue-raising reforms; makes repeal of investment tax credit essential for bill passage, since it is only multibillion dollar revenue-raiser in bill