A bill to amend title II of the Social Security Act and chapters 2 and 21 of the Internal Revenue Code of 1954 to abolish the Disability Insurance Trust Fund and provide instead for the payment of disability insurance benefits from general revenues, with appropriate adjustments in social security tax rates.

Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act and the Internal Revenue Code to abolish the Disability Insurance Trust Fund and provide instead for the payment of disability insurance benefits from general revenues.

Reduces employment and self-employment tax rates below the rates established by the Social Security Amendments of 1977.