The Campaign for America's Future bills itself as a strategy center for the progressive movement and seeks to build an enduring progressive majority.
Villaraigosa said America Fast Forward would generate $158 billion in total economic output focused in the construction and technical industries while generating $10.6 billion in new federal tax revenue and another $5.8 billion in state tax revenue.
America Fast Forward is supported by U.S. Chamber of Commerce President Thomas Donohue, AFL-CIO President Richard Trumka and more than 60 mayors.
The trip is Villaraigosa's fifth to Washington since September.
Villaraigosa is scheduled to return to Los Angeles Friday, an aide said.