When Mondale made his acceptance speech at the Democratic Convention, he said: "By the end of my first term, I will reduce the Reagan budget deficit by two‑thirds. Let's tell the truth. It must be done, it must be done. Mr. Reagan will raise taxes, and so will I. He won't tell you. I just did." While this was meant to show that Mondale would be honest with voters, it was instead largely interpreted as a campaign pledge to raise taxes to spend on domestic programs, which was unappealing to many voters.