In a large bowl, mix together flour and baking powder. Set aside. In another bowl, cream together butter, sugar, egg/yolk, and extracts. Slowly (1/2 cup at a time) pour in dry ingredients and mix well. Knead into a firm dough.
Roll dough out on a large floured surface. Mix together cream cheese and 1 tbsp cinnamon and spread on cookie dough. Roll dough (like a cinnamon roll) and, gently/with lots of flour, roll out the dough flat to 1/4" thickness.