I found the registry key (HKCU\Control Panel\Desktop\WindowsMetrics) that allows me to change the icon setting of wrapping the text, and a few other desktop display settings. I poked around in the rest of the keys there and couldn't find what I was trying to do. I would like to change the length of the allowed text so that even if the name of the shortcut is 30 characters long, all 30 would show up on one line. Any idea which key I change for that?

Old icon text:

Shortcut to
Projects

New icon text:

Shortcut to Projects

Update:
Changing the spacing between the icons changes the length of the textbox.