This article proposes that states create low-income targeted voucher programs for 3- and/or 4-year-olds. The basis for this proposal is considerable research demonstrating long-term effects for a number of random assignment and quasi-experimental preschool programs. Benefit-costs rates of return for these programs are between $2 and $16 for every dollar invested. These results are also consistent with developmental and neuro-biological studies supporting early childhood interventions. Other research shows that low-income students are less likely to be in preschool, and if they are, they are more likely to receive low-quality services. Taken together, and to control costs, I propose an income-targeted program. I argue for vouchers based on improved equal opportunity and higher efficiency in the delivery of preschool services. Design details are generally to be the province of state decision makers. My one caveat is that it seems to make sense to require programs, at least for 4-year-olds, to be center based. (Contains 8 footnotes, 5 tables and 2 figures.)