Is it a good policy that will benefit the citizenry, or is it a policy that is the extension of a political ideology that believes that government should not regulate anything?
That's like claiming Democrats want to regulate everything. It's such a broad statement as to be completely without value. It does not apply to most Republican politicians I'm aware of, and not all Republican politicians are the same.
Also worth noting, the Republican-heavy government under George W. Bush in fact massively expanded regulations at the federal level (and deregulated almost nothing). So the facts of action do not jive with the claims being made.
Maybe if you said libertarian it would be accurate.