The Smoot above isn't the same Smoot but according to urban legend is related.
What's going on? Bloomberg:
The panel adopted a Democrat-drafted provision that would make it harder for people who sell their second homes to exclude as much as $500,000 in profit from capital-gains taxes. The provision would raise $2 billion in additional taxes over the next decade, according to an estimate by the congressional Joint Committee on Taxation.
Hardly seems the same on the surface. What do they share? An absolute inverse relationship between intent and results. Look, removing the tax benefits of selling are not going to raise tax revenues and they aren't going to free up the housing constipation. This is just random legislation that can only do harm.
Bonus points for identifying the Smoot in the picture.