What is the definition of Fiscal drag? | Dictionary.net

FISCAL DRAG

\fˈɪskə͡l dɹˈaɡ], \fˈɪskə‍l dɹˈaɡ], \f_ˈɪ_s_k_əl d_ɹ_ˈa_ɡ]\

Definitions of FISCAL DRAG

1910 - Black's Law Dictionary (2nd edition)

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A restraing on a fast growing economy under changing tax laws. The more you make the more you are taxed. Refer to automatic fiscal stabilizers. This happens when you move up a tax bracket. Refer to automatic fiscal stabilizers.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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