Texas folklorist John Henry Faulk and veteran state Rep. Dan Kubiak said yesterday they are considering a House race against Democrat-turned-Republican Phil Gramm in a special congressional election.

Kubiak, a Rockdale Democrat, called a news conference for today in College Station to announce plans. Faulk, also a Democrat, said a number of residents in Gramm's district have urged him to run but that no decision has been made.

Gramm, a "Boll Weevil" Democrat removed by party leaders from a seat on the key Budget Committee for his support of President Reagan's economic policies, resigned this week to run in a special election Feb. 12 as a Republican.

Faulk, 69, a humorist and lecturer who battled McCarthy-era anti-communists after being blacklisted in the 1950s, said he was interested in challenging because Gramm has not served his traditionally Democratic east-central Texas district properly.

The largest metropolitan area in the 6th Congressional District is Bryan-College Station and Gramm has been its representative for two terms.

"He's built his war chest out of huge corporate funds and is considered their boy," said Faulk, who owns a small farm in Madisonville. "He's always come down on their side. That's why he quite properly is running as a Republican now.

"He's the essence of Reaganomics. I happen to think that President Reagan's economic policies are plunging this country into total disaster economically.

"This would be my principal charge," Faulk said.

Former vice president Walter F. Mondale and Sen. John Glenn of Ohio would both defeat President Reagan by wide margins if a presidential election were held now, according to a Gallup poll released yesterday.

In the survey, Mondale outpolled Reagan 52 to 40 percent, and Glenn, the former astronaut, won by 54 to 39 percent with the rest undecided.

The Gallup survey sampled opinion of 1,116 registered voters nationwide in mid-December.

This was the first time Glenn had been paired against Reagan in a Gallup survey. The poll had previously used Mondale and Sen. Edward M. Kennedy (D-Mass.), who quit the race last month.

Democrats may have gained 26 House seats in the 1982 congressional elections, but they are still millions behind Republicans in campaign fund-raising ability, a Democratic study concluded.

Republicans emerged from the 1982 campaigns with a $6.3 million surplus, while Democrats finished the year $2.2 million in the red, said the Democratic Study Group, a research organization which analyzes issues and legislation for Democrats in Congress.

The report said Republican National Committees outraised Democratic Party committees by $153 million in contributions for the 1982 elections--$180.4 million to $27.4 million.

The gap between Democratic and Republican fund-raising "widened substantially during the 1981-82 election cycle both in total receipts and in the amount of financial help the parties provided their House and Senate candidates," the report said.

The National Republican Congressional Committee raised $54.5 million during this period, compared with $28.5 million for the 1980 elections.

The GOP unit distributed $7.5 million to 1982 Republican House candidates. That is twice as much as it provided to GOP candidates in 1980, and 10 times the amount the counterpart Democratic Congressional Campaign Committee was able to provide House Democratic candidates, the report said.

The Democratic unit raised $6.3 million, compared with $2 million in 1980, and gave Democratic House candidates $779,000.

In the Senate, where 33 seats were filled in 1982, the National Republican Senate Committee raised $46 million, up from $23 million in 1980, and gave candidates $9.3 million, the report said.

The Democratic Senatorial Campaign Committee, by comparison, raised $5.6 million, up from $1.6 million in 1980, and gave $2.4 million to Democratic candidates, according to the report.