A 4-hundred 30-billion-dollar Inflation Reduction Act economic package is heading to the House of Representatives on Friday.

However, a financial advisor reports the package has little to do with inflation. Kevin Kingston is a financial advisor at Savant Wealth Management.

The economic package includes billions to reduce greenhouse gas emissions, impose a 15-percent tax on corporations earning over one-billion dollars and invest in clean energy technology. According to President Joe Biden, the economic package would bring down inflation by "lowering the deficit and lowering costs for regular families." The latest Consumer Price Index, measuring the nation's inflation, showed inflation cooled to 8.5% from 9.1% over the past month.