Okay, I could see certain philisophical objections, such as if you are a libertarian, or strict conservative that opposes most governmental regulations (after all standards for education are a form of governmental regulation). However, any such provisions would almost certainly have provisions that "grand-fathered" in all current RN's who had diploma or ADN/ASN degrees (and would probably include those students currently enrolled in ADN programs).
The bottom line is that pay, and to a lesser extent respect for ANY profession, is primarily determined by supply and demand for that profession. Now as nurses, there is little that we can do to address demand ( save perhaps for buying stock in fast food restaurents since that will surely generate more business in terms of cardiovascular disease). However, we can address supply. In so much as getting a BSN requires more time and effort than a ADN it will TEND to diminish the supply of nurses. Virturally every profession in the United States has recognized this simple principal from accountents, to physicians and pharmacists. Over the years they have successfully lobbied their various state and federal representatives to steadily raise the requirements in order to obtain a license to practice their profession. Consider Pharmacists for instance. At one time all one had to do was "work behind the counter" under the instruction of an experienced pharmacist for several years to acquire a pharmacy license. Then they required an examination. Gradually, the requirements were increased to a two, then a four year degree. Now it requires SIX years of difficult schooling plus a challenging examination to practice pharmacy. The net result is that the pay of pharmacists has dramatically increased, and they are now in a true "buyers market" for their services.
It's the way the "profession game" is played in the United States. I'm not saying that it is without it's moral implications. As someone who is largely libertarian, I am usually opposed to most governmental intrusion in the private sector. However, I'm also a realist, and as someone who plans on spending the rest of my life in this profession, I realize that this is the sort of thing that will help to raise the compensation, and benefit level of my chosen profession.