You usually can’t reverse a bad decision by simply doing nothing, but that’s exactly the opportunity we have at the end of this year.That’s when the tax cuts for wealthy Americans passed in the early years of the Bush administration are set to expire. Though some politicians are urging that these temporary measures be made permanent, we should instead allow nature to take its course.In 2001 and 2003, President Bush and the Republican-controlled Congress passed two big tax-cut bills. Though taxes were lowered across the board, the bulk of the benefits went to the wealthiest top few percent of American households.Among the breaks that principally served higher-end taxpayers were reductions in the rates paid on passive income like dividends and capital gains.