I think of the more accurate definition, yes. But at the same time, fascism is reflexively used to mean “bad, anti-democractic” political stance, and I think that is more generally understood. If not, I don’t think Fox and other right wing outlets would use it to mean “bad leftists”.
When speaking of the current administration, I think it’s fair to use it as both it’s more technical definition AND to mean “bad, anti-democratic politics” because both are accurate.
We should not be afraid to do so. I think it’s something of a moral obligation to do so.