Hostess is a model case. Under Barack Obama it was in bankruptcy. Under Trump, they’re able to give out bonuses. And more importantly, 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.