LISBON — White House chief of staff Donald T. Regan today defended a newly passed Senate budget plan and said President Reagan soon will offer Congress a revised tax reform package that will take millions of people in lower tax brackets off the rolls.
Regan, in an interview shortly before leaving Portugal with the presidential party, took issue with comments by an NBC "Today" reporter that Reagan had "caved in on defense" and "broken his promise on Social Security" in accepting the budget passed by the Senate, 50 to 49, early today. (Story, Page 8.)
Regan said, "Those are pretty strong words. I wouldn't quite agree, obviously, with them."
As for a tax reform package, Regan said the President will offer a fair and equitable plan to Congress soon.
"On defense, the President has made a very careful hedge on that. If in fiscal 1986 he thinks that he needs more money for defense, he'll go back to the Congress for supplementary funds.
'Best He Could Do'
"As far as the COLAs (cost-of-living adjustments for Social Security and other government pensions) are concerned, this is the best that he could possibly do," Regan said.