Cream Cheese Cake

For the cake:

– 2 cups all-purpose flour
– 1 1/2 cups granulated sugar
– 1 1/2 teaspoons baking powder
– 1/2 teaspoon baking soda
– 1/4 teaspoon salt
– 2 eggs, room temperature
– 3/4 cup vegetable oil
– 1 cup sour cream
– 2 teaspoons vanilla extract
– 8 ounces cream cheese, softened

For the frosting:

– 4 ounces cream cheese, softened
– 4 tablespoons unsalted butter, softened
– 2 cups powdered sugar
– 1 teaspoon vanilla extract
– 1 tablespoon milk, or as needed for consistency