Reagan Upbeat on Economy--Omits 2 Issues

President Reagan, previewing his campaign tactics for the 1986 Senate races, took credit Monday for an “economic resurgence” while failing to mention either tax revision or the budget deficit, the two most pressing issues he faces after returning to Washington on Monday night.

“We can all be proud that there is a new spirit alive in America today,” Reagan said at a luncheon in Seattle that raised more than $500,000 for Republican Sen. Slade Gorton.

Evoking the same optimistic images that marked his 1984 reelection campaign, Reagan denounced short-term protectionist measures as an enemy of economic growth, declaring: “With freedom and the profit motive, there is nothing we can’t do.”

Flies to Washington

Reagan flew back to Washington after his speech at the $1,000-a-plate event, concluding a weeklong Thanksgiving Day break spent mostly at his California ranch.

Reagan is scheduled to meet with congressional leaders this morning at the White House. Spokesman Rusty Brashear said a pending farm bill that some aides have hinted Reagan could veto will be on the agenda. It also is possible Reagan will reveal his position on a House-passed tax revision measure, Brashear said.

Reagan must decide this week whether he will support the Democratic bill, which is drastically different from the tax change proposal he initially submitted.