House staffers to get FREE Peloton memberships courtesy of US taxpayers

In a draft email obtained by Fox Business, the office of the Chief Administrative Officer called it a "premier employee benefit," which will also be made available to Capitol Police staff.

These government employees will be provided with both a Peloton All-Access membership and a Peloton App membership at no cost to the employee.

The government’s contract with Peloton, brought together by efforts from the House Center for Well-Being, will begin on May 18.

An estimated 10,000 House staff members and around 2,300 Capitol Police officers will receive this offer.

A source familiar with the matter said that "he 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," according to Fox Business.

For the general public, the Peloton All-Access membership costs $39 per month, and the Peloton App membership costs $12.99 per month.

The email sent from the office of the CAO told the employees that 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."

Peloton told Fox News in a statement that it "can confirm that the US House of Representatives is extending Peloton Corporate Wellness to all House staff and Capitol police."

Peloton has been suffering as people continue to get back to their pre-pandemic activities.

The once booming seller of fitness equipment at the start of lockdowns had to cease production on a number of products for the time being due to an overabundance of stock, according to CNBC.

According to the Associated Press, the fitness company’s sales doubled in 2020, and jumped 120 percent over the last fiscal year. Shares have fallen more than 60 percent this year.