Final answer:
President Bill Clinton implemented the 'Don't Ask, Don't Tell' policy regarding gays in the military and the Omnibus Budget Reconciliation Act of 1993, which expanded the Earned Income Tax Credit for low-income families and offered tax breaks to small businesses.
Step-by-step explanation:
During President Bill Clinton's first term, a notable policy he implemented was the "Don't Ask, Don't Tell" (DADT) compromise in regard to gays in the military. This policy, which came into effect after Clinton's promise to lift the ban on gays serving openly in the military, stipulated that military personnel would not be asked about their sexual orientation, but openly gay service members could still be discharged.
In addition, President Clinton also worked on economic reforms, exemplified by the Omnibus Budget Reconciliation Act of 1993, which expanded the Earned Income Tax Credit overwhelmingly benefitting low-income families, and provided tax breaks to a majority of small businesses.