Combine butter and sugar until light and fluffy. Add eggs in one at a time, mixing well in between.
Beat in vanilla and lemon zest. Add in red food coloring. As much as desired. Sift together the flour, baking powder and salt and then add to the batter. Now in a small bowl combine lemon juice and Maraschino Juice. Add slowly to batter.
Bake for 20 minutes, or until toothpick come out clean. note: they will look pink and spongy on top. this will make 20 big cupcakes or 1 9 inch pan.
Topping: Combine Whipped Topping and Powder Sugar in a mixing bowl. Add in vanilla, cream of tartar and lemon juice. Combine really well. Once combined put mixer on high and whip. Pipe on cupcakes.