The CPB received more than $400 million in 2012, but under the bill, $111 million would be taken away in 2013, and $222 million more would be removed in 2014.
The CPB funds the Public Broadcasting Service, which distributes shows including "Sesame Street" to member stations around the country.
While the GOP bill moved out of subcommittee, it was overtaken by the six-month spending bill that Congress approved in September. Still, Rep. Doug Lamborn (R-Colo.) said that he agrees with Romney's assessment that it is time to eliminate federal aid for the CPB.
"Like Mitt Romney, I like Big Bird. That is not the issue," Lamborn said Thursday. "The governor recognizes the larger problem is out-of-control government spending. I like the governor's test for what programs to keep and what to cut. It's common sense. If we have to borrow money from China to keep Big Bird in his nest, it's time for him to go!"
Romney said Wednesday night at the first presidential debate that he "love[s]" Big Bird, and "like[s]" debate moderator and former PBS NewHour host Jim Lehrer. "But I'm not going to keep on spending money on things to borrow money from China to pay for."
Lamborn has sponsored legislation to eliminate federal funding for National Public Radio and a separate bill to end funding for the CPB.