Richard M. Nelson is a member of the
Republican.
The Republican Party has long championed fiscal conservatism, advocating for minimal government intervention in the economy. They believe economic prosperity is driven by free markets and individual initiative.
This philosophy includes support for laissez-faire economics, tax cuts, reduced government spending, privatization, and reducing government-run welfare programs in favor of private-sector solutions and personal responsibility. The party's current fiscal stance supports lower tax…