The Republican Party supports a limited role for government in the economy and in social issues. For them, less government is better than big government. The party believes that the role of the government is to create the conditions for growth and prosperity of businesses, a situation that will ultimately benefit the whole society. They don´t support generous and extensive welfare policies; they rather believe in private initiative and entrepreneurship. Republican Party administrations usually cut taxes for the wealthy, reduce or revert business regulations and provide fiscal stimulus to businesses.
