Except this time they didn't say they suspended H1B to "overhaul" the system, and that by the time it is over, we will get a new system. They just said they have longer-term reforms in that area in their plans.
Which makes perfect sense in my eyes, because swapping to an H1B system similar to what Canada has is a massive change. I don't see it happening on a scale that is shorter than 5 years from start to finish.
Not much different than 8 years of previous administration [1]. One good thing about this administration is that it hurts SV, and that might bring attention to the problem of Greencard backlogs, and the resulting indentured servitude and labor market distortions.
Also, note that the person putting hold on the bipartisan S386[2] bill is Sen. Durbin, a Democrat. So, please don't lay all blame for this situation at Republican's or President's doorstep.
[1] Executive Action: Support High-skilled Business and Workers -http://www.dhs.gov/sites/default/files/publications/14_1120_... [2] Fairness for High-Skilled Immigrants Act of 2019 - https://www.congress.gov/bill/116th-congress/senate-bill/386...
I think most people who've dealt with the immigration system would think that that is naive. This administration has proven time and time again with regards to immigration that they will pay lip service to making improvements while almost always simply making life harder for immigrants and people on visas.
See: how they suspended H-1B premium processing for a while some time back, also claiming that it was in service of "overhauling" the H-1B system.