Text Controls covers resizing icon

We are using the Canvas in a Lightbox.
When you add text, then try to make changes to it, the text control box covers the two bottom icons on the text itself; Trash and Resize.

Is there a way to move the Text Control box down further from the text itself?

I tried using Text Control Padding in the Settings, but it is adding Padding around the text. With this additional padding, you can't resize text to fill the width of the bounding box.