SLIDESHOW: 8 Stocks to Benefit From a Repatriation Deal In Congress

Later today, President Barack Obama is set to give a speech in Chattanooga, Tennessee where he will outline a "Grand Bargain" plan to hopefully bring together democrats and republicans in a deficit fighting piece of legislation.

As part of this plan, the President is reported to propose cutting the corporate tax rate to 28 percent from 35 percent and cutting it to 25 percent for domestic manufacturing companies, according to Reuters. The move is aimed at creating jobs domestically and bringing back money from overseas tax havens.

Also as part of the deal, he is rumored to propose a one-time deal to allow companies to bring back oversea cash piles cheaply, avoiding repatriation taxes. Eight stocks look set to benefit from this deal.