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Mondale's deficit reduction plan at a glance

To cut the fiscal year 1989 deficit from a projected $263 billion to $86 billion, Democrat Walter Mondale would... RAISE TAXES $85 billion by:

* Defering indexing for families earning more than $25,000.

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* Eliminating the third year of the Reagan tax cut for married

couples earning more than $60,000 a year and for single persons

earning more than $45,000 a year.

* Adding a 10 percent income-tax surcharge to married couples earning

more than $100,000 and single people earning more than $70,000.

* Adopting a 15 percent minimum tax on corporate economic income.

* Limiting tax shelters, loopholes, and accounting abuses, improving

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compliance with tax laws, and continuing the postponement of tax

cuts that benefit individuals and businesses.

This tax income would be placed in a deficit-reduction trust fund. CUT SPENDING $54 billion by:

* Holding defense spending to annual increases of 3 to 4

percent after inflation.

* Trimming money for health programs.

* Reducing funds for agriculture programs.

* Running the government more efficiently. SPEND $30 billion on:

* Federal aid to education.

* Restoring Reagan's cuts in the US Environmental Protection

Agency's budget.

No new spending without a new source of revenue to pay for it. SAVE $51 billion through:

* Lower interest payments on the federal debt. EARN $17 billion through economic growth.