'Sweet' Tax Cut Bonuses: Hostess Gives Employees $1,250, Free Snacks
Following the Republican tax overhaul, many companies are offering bonuses, pay raises and other benefits to employees, but Hostess just announced a particularly "sweet" plan to share the tax cut savings with workers.
Hostess Brands, the maker of Twinkies, Ding Dongs, Ho Hos and other iconic treats, said it would provide one-time $1,250 bonuses to 1,036 hourly employees "following the recently enacted tax legislation."
The bonuses come in the form of $750 in cash and a $500 401k contribution.
Hostess also said it would select a "product of the week" and provide a multi-pack to every employee every week for one year.
On "The Five" on Thursday, Greg Gutfeld pointed out that Hostess was in financial trouble under former President Barack Obama, but the corporate tax cut has given the company a new opportunity to achieve success and share that success with employees.
He said some on the left -- like House Minority Leader Nancy Pelosi (D-Calif.) and Rep. Debbie Wasserman Schultz (D-Fla.) -- may describe these tax cut bonuses as mere "crumbs," but they mean a lot to everyday Americans.
"It's actually a bigger story, one of peer pressure profit-sharing," Gutfeld said. "One company looks at another company giving bonuses and says, 'Hmm, I think we better do that too.'"
"And if Pelosi or Wasserman Schultz can't see the goodness in that, then they're the real 'ding dongs.'"
Watch more above.