In a large mixing bowl, cream together sugar, cream cheese, butter and vanilla extract on medium speed with an electric mixer. Add eggs in one at a time and continue mixing until smooth.
In another bowl stir together the dry ingredients. Add dry ingredients to wet ingredients and mix till combined.
Grease a 9-inch bundt cake pan with shortening and then sprinkle some flour over top. Add cake mixture to the pan and bake at 325ºF for 90 minutes or until a toothpick inserted in the center of the cake comes out clean.
Cool on a wire rack. Sprinkle icing sugar on top or top with the Vanilla Cream Cheese Glaze.
Glaze
Add all the ingredients to a large mixing bowl and mix with an electric mixer until smooth. Spoon onto the cake leaving it to drip down.