Making the Wealthy Pay their Fair Share is the Way to Preserve Vacation Towns

Making the Wealthy Pay their Fair Share is the Way to Preserve Vacation Towns

Rhode Island lawmakers created a new surcharge on second homes worth more than $1 million as part of the budget enacted this spring. These lawmakers recognize the important reality about beautiful coastal properties: a vacation town is nothing without the town. Critics quickly dubbed the surcharge the “Taylor Swift tax” because of her ownership of a historic home there. We’ve seen no comment from Swift herself, as paying a fraction more in real …