Final answer:
Today's Republican Party favors smaller government with less regulation, opposes expansion of social programs, and supports states' rights and market-based solutions.
It supports greater federal intervention in the economy, is the correct answer.
Step-by-step explanation:
The current position of today's Republican Party on the role of the federal government is that it supports smaller government with less regulation. This stance favors limited federal intervention in the economy, lower taxes to encourage investment and growth, and a preference for states' rights and devolution of powers. Republicans typically oppose expansion of the social safety net and federal government programs such as Obamacare, emphasizing instead market-based solutions and the self-regulatory powers of competition.
Historically, Republicans have maintained some support for established social programs like Social Security or Medicare, but they have resisted further expansion and have pushed for policies that reduce governmental involvement in the economy and private businesses. The rise of movements like the Tea Party within the Republican Party has further highlighted a commitment to smaller government and fiscal conservatism.