The US Conference of Catholic Bishops, or at least one organ thereof, condemned his budget. The Catholic Church does not, by and large, institutionally adhere to Randian economic rhetoric or Austrian/Chicago economic theory.
The Church is unsound on economics I agree (no, they go way beyond turning the cold shoulder on Rand and some of the Austrian kooks, but it is sad to see you add "Chicago" to that noxious mix, when I went there, and actually knew many of the illustrious U of C "perps"), but you must know, as this WASP near atheist knows, that that is not the kind of thing for which one is denied communion. To go there, you need to have sinned on matters closer to the heart. Heck did they ever ex-communicate Hitler, or deny communion to any of the Fascist thugs? Unfair sure, but I don't think being a sociopath in the public square or otherwise is a basis for denying communion. TJ is needed here of course.