The bill would change the system to be more about skill/merit rather than the fact you are related by blood to someone who has skill.
The reduction in numbers is a side effect of the current ratios of the existing system. So ideally they will boost the maximum number on the other end to increase the total number of skilled visas, instead of just cutting the relatives portion (as the bill proposed in August). To me that's the best of both worlds. It's possible it will may be tweaked as it goes through congress or it may have to wait for a future bill, but at least the basic framework is being laid out for a better system similar to Canada/Australia.