Release | April 28, 2021

ReadyNation Statement on American Families Plan

The business leaders of ReadyNation support investments in children and families

The business leaders of ReadyNation support investments in children and families as a way to grow the workforce and the economy. The recently released American Families Plan demonstrates a commitment to supporting children’s ability to access early learning opportunities that will help them be prepared for school and in life. Specifically, the expanded Child and Dependent Care Tax Credit (CDCTC), access to prekindergarten programs, and funding for child care infrastructure improvements are all issues that business leaders view as critical to strengthening the economy both short- and long-term.

According to Jack Brennan (Chairman Emeritus, Vanguard; Co-Chair, ReadyNation CEO Task Force on Early Childhood), “These early education and care investments are vital not only to the development of our nation’s youngest generation, but to America’s economic recovery and growth.”

The first few years of life represent a critical period of brain development. During this unique period, children acquire foundational skills needed for 21st-century jobs, including key social, emotional and character skills. Years of research shows that young children in quality early learning programs are more likely to arrive at kindergarten ready to learn, have better literacy and math skills in both elementary and middle school, and graduate from high school on time.

Now is the time to enact these proposals for early childhood care and education into law, to establish a durable set of solutions and supports for our nation’s youngest generation. ReadyNation will continue working in a bipartisan manner to promote high-quality early care and education as an investment in current and future workforce development, the economy, and the future strength of our nation.

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