7 41111.11111111590•011111••••
Arabs Got More Aid From the U. S.
Than From Soviets, Rep. Long Reveals
By JOSEPH POLAKOFF
(Copyright 1974, JTA, Inc.)
WASHINGTON — In the
six years preceding the Yom
Kippur War, the United
States provided the 11 Arab
countries that joined in that
conflict against Israel almost
214 times the amount of
assistance that the Soviet
Union had supplied them,
according to Rep. Clarence
D. -Long (D.Md.).
In statements and statis-
tical data that he prepared
for formal presentation to
Congress, Rep. Long made
public that U.S. direct as-
sistance to the Arabs and
"invisible foreign aid" in the
form of tax credits to Ameri-
can oil companies for the
U.S. fiscal years 1968-73
totaled $8,950,000,000.
Total Soviet assistance
over the same period that
ended last June 30, he esti-
mated, was $3,700,000,000 —
of which $2,600,000,000 was in
military assistance and $1,-
100,000,000 in economic sup-
port.
His statistics, he said, do
not include Soviet support to
the Arab states during and
after the Yom Kippur War
nor U.S. assistance in that
time, including the $2,200,-
000,000 program legislated in
December to help Israel off-
set her war costs.
The "invisible" aid in tax
credits, he said, tot ale d
$7,025,000,000 which was
"claimed by American oil
companies on Arab oil royal-
ties." This figure, he said,
"may well be low." The
royalties paid to Arab gov-
ernments "divert d o 11 a r
from the U.S. Treasury"
under the U.S. system of
"dollar-for-dollar tax credits
for royalties paid to Arab
governments" that he said
"has enabled American oil
companies to continue high
levels of investment in the
Arab oil states."
"In fact," he chhrged,
is probable that the United
States encouraged these mas.
sive investments in Arab oil
countries by helping the
Arabs write appropriate tax
laws." An increase in royal-
ties under the skyrocketing
prices being paid for Arab
oil, he added, "may help
shield from U.S. taxes other
foreign operations of the
companies such as refining
and shipping, for years to
come."
Long provided tables of
United States arms supplies
and economic aid and U.S.
assistance to the Arab coun-
tries through the financing
by the U.S. to multilateral
agencies such as the World
Bank.
The total American gov-
ernment assistance in those
channels was as follows in
millions of dollars: Jordan,
$456; Saudi Arabia, $329;
Libya, $70; Morocco, $425;
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In the face of skyrocket-
ing rise of dollars in Arab
coffers through the oil price
hikes, Long has proposed
three resolutions to Congress.
These would have the U.S.
withhold further economic
concessions to the. Soviet
Union "until the Soviets are
Willing to help us calm ten-
sions in the world, especially
in the Middle East" and also
"change our tax policies in
regard to oil to stop en-
couraging U.S. investment
capital to go abroad;" and
induce the oil companies to
invest in American explora-
tions.
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He estimated the U.S. mul-
tilateral aid to Arabs at $256,-
000,000 or 28 per cent of such
assistance they had received
from the international fund-
ing organizations which the
U.S. helps support.
"The figure of total U.S.
assistance to the Arabs of
$7,950,000,000, he empha-
sized in his statement, "does
not even include $1,100,000,-
000 in various forms of eco-
nomic aid which the U.S. has
provided the Soviet Union
over the last two years."
This figure is the precise
amount that he declared the
Soviet government has given
in economic aid in the six
pre-war years to Arab coun-
THE DETROIT JEWISH NEWS tries.
10—Friday, March 8, 1974
• •
Tunisia, $341; Syria. $16;
Iraq, $42; Kuwait, $1; Egypt,
$141; Algeria, $57; Sudan,
$44.
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