The House of Representatives is planning to announce they will give staff in Washington, DC, and in district offices, free Peloton memberships using taxpayer dollars each month amid skyrocketing inflation.
According to a draft email obtained by FOX Business from the office of the Chief Administrative Officer (CAO), the “premier employee benefit,” which will also be made available to all Capitol Police, will provide staff with both Peloton All-Access and a Peloton App membership at no monthly cost.
PELOTON SALES PLUMMET, SHARES SKID
Beginning May 18, the government contract with fitness giant Peloton, under efforts from the House Center for Well-Being, will be offered to the estimated 10,000 people on staff working for the House of Representatives and about 2,300 Capitol Police officers.
A source familiar with the matter told FOX Business that the contract cost is a $ 10,000 upfront payment to Peloton, plus an extra $ 10 per month charge for each staffer or officer that utilizes the benefit. If 12,000 staffers took advantage of the benefit, it would cost taxpayers $ 120,000 a month.
For other Americans, a Peloton All-Access Membership costs $ 39 per month and a Peloton App Membership costs $ 12.99 per month.
The email sent from the CAO office told the staffers and officers they would “have access to thousands of live and on-demand classes, across multiple disciplines, that are available for streaming across multiple devices and require no purchase of Peloton equipment.”
In a statement to FOX Business, Peloton said it “can confirm that the US House of Representatives is extending Peloton Corporate Wellness to all House staff and Capitol police.”
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With a total of 7 million members, Peloton has made a name for itself in the fitness tech space with its stationary exercise bikes, treadmill and online fitness class subscriptions. The company notably lowered its equipment prices in 2021. However, Peloton announced in January that it is now charging $ 250 and $ 350 for the setup and delivery of its original bike and treadmill, respectively.
FOX Business did not receive an immediate response from the CAO office.
FOX Business’ Cortney Moore contributed to this report.